Upstox vs Zerodha: brokerage, DP charge and the same trades compared

Which costs less to trade?

3 of 6

trades cost less at Zerodha; the other 3 cost the same.

Read 15 Oct 2026 · India Brokerage Calculator · Link to this fact

Delivery, 50 shares: Upstox ₹127.46 · Zerodha ₹72 our arithmetic

By Sydney Stones (data and method lead) Last updated 15 October 2026 Data read by our script

How we got this

How: Quoted word for word from Upstox's and Zerodha's own charges pages (upstox.com, zerodha.com), read by our script on 15 October 2026; every total is the India Brokerage Calculator's arithmetic on those rates and NSE's. How we check How we make money Corrections

Trade totals: every charge and tax on a buy and a sell, our arithmetic on published rates judged. Rates: each broker's own, standard retail plan, read 15 October 2026.

The costs beginners compare

Upstox vs Zerodha: the costs beginners compare
Cost	Upstox	Zerodha
Delivery, ₹5,000 trade judged	₹82.13 ₹55.46 more 10 shares, ₹500 in, ₹520 out	₹26.67 ₹55.46 less 10 shares, ₹500 in, ₹520 out
Intraday, ₹10,000 trade judged	₹27.29 ₹16.60 more 10 shares, ₹1,000 in, ₹1,010 out	₹10.69 ₹16.60 less 10 shares, ₹1,000 in, ₹1,010 out
F&O brokerage	Futures ₹20 or 0.05% Options ₹20 · per order	Futures ₹20 or 0.03% Options ₹20 · per order
DP charge	₹20 + GST ₹8.26 higher with GST Per scrip sold from delivery, ₹23.60 with GST	₹15.34 ₹8.26 lower with GST Per scrip sold from delivery, GST included

Where they differ

Upstox and Zerodha differ on equity delivery, equity intraday and futures brokerage and match on options; their DP charges differ too. Brokerage is per executed order; tap Source for the broker's own words. "Not stated" is not "free".

Show only differences (hides 1 term that read the same or neither states)

Equity delivery

Upstox: ₹20 ₹20 higherPer executed order · read 15 Oct 2026
Sourceupstox.com
Brokerage Equity Delivery ₹20 per executed order Equity Intraday upstox.com

Zerodha: ₹0 ₹20 lowerNo brokerage · read 15 Oct 2026
Sourcezerodha.com
All equity delivery investments (NSE, BSE), are absolutely free - ₹ 0 brokerage. zerodha.com
Equity intraday Differs

Upstox: ₹20 or 0.1%Per executed order, whichever is lower · read 15 Oct 2026
Sourceupstox.com
Equity Intraday ₹20 per executed order or 0.1% (whichever is lower) upstox.com

Zerodha: ₹20 or 0.03%Per executed order, whichever is lower · read 15 Oct 2026
Sourcezerodha.com
Flat ₹ 20 or 0.03% (whichever is lower) per executed order on intraday trades zerodha.com
Futures Differs

Upstox: ₹20 or 0.05%Per executed order, whichever is lower · read 15 Oct 2026
Sourceupstox.com
Equity Futures ₹20 per executed order or 0.05% (whichever is lower) upstox.com

Zerodha: ₹20 or 0.03%Per executed order, whichever is lower · read 15 Oct 2026
Sourcezerodha.com
F&O F&O - Futures F&O - Options Brokerage 0.03% or Rs. 20/executed order whichever is lower Flat Rs. 20 per executed order zerodha.com
Options Same at both

Upstox: ₹20Per executed order · read 15 Oct 2026
Sourceupstox.com
Equity Options Flat ₹20 per executed order. upstox.com

Zerodha: ₹20Per executed order · read 15 Oct 2026
Sourcezerodha.com
Flat ₹20 on all option trades. zerodha.com
DP charge Depository charge, per scrip sold

Upstox: ₹20+ GST ₹8.26 higher with GSTPer scrip on a delivery sell, ₹23.60 with 18% GST · read 15 Oct 2026
Sourceupstox.com
DP (Depository participant) charges Male CDSL: ₹3.5 Upstox: ₹16.5 Total: ₹20.0 + GST Female CDSL: ₹3.25 Upstox: ₹16.75 Total: ₹20.0 + GST upstox.com

Zerodha: ₹15.34 ₹8.26 lower with GSTPer scrip on a delivery sell, GST included · read 15 Oct 2026
Sourcezerodha.com
₹15.34 per scrip (₹3.5 CDSL fee + ₹9.5 Zerodha fee + ₹2.34 GST) is charged on the trading account ledger when stocks are sold zerodha.com

Taxes and exchange charges (STT, NSE, SEBI, stamp duty, GST) are the same at every broker: see the calculator's table.

The same six trades at both

Total charges on each round trip (a buy and a sell): brokerage, STT, NSE and SEBI charges, stamp duty, GST and, on delivery, the DP charge judged. NSE rates read 15 October 2026. Tap a total to open that trade in the calculator.

Zerodha costs less on 3 of 6 trades; 3 cost the same

6 trades · read 15 Oct 2026

Lower total at Upstox 0 · at Zerodha 3 · same 3

Static viewthe figures are written out beside this chart

Upstox vs Zerodha: total charges on the same six trades
Trade	Upstox	Zerodha
Intraday, 100 shares₹1,000 in, ₹1,010 out, ₹1,00,000 a side	₹82.97 Same Brokerage ₹40	₹82.97 Same Brokerage ₹40
Intraday, 10 shares₹1,000 in, ₹1,010 out, ₹10,000 a side	₹27.29 ₹16.60 more Brokerage ₹20.10	₹10.69 ₹16.60 less Brokerage ₹6.03
Delivery, 50 shares₹500 in, ₹520 out, ₹25,000 a side	₹127.46 ₹55.46 more Brokerage ₹40	₹72 ₹55.46 less Brokerage ₹0
Delivery, 10 shares₹500 in, ₹520 out, ₹5,000 a side	₹82.13 ₹55.46 more Brokerage ₹40	₹26.67 ₹55.46 less Brokerage ₹0
Futures, 500 units₹1,500 in, ₹1,510 out, ₹7,50,000 a side	₹473.97 Same Brokerage ₹40	₹473.97 Same Brokerage ₹40
Options, 75 unitspremium ₹100 in, ₹120 out, ₹7,500 a side	₹67.86 Same Brokerage ₹40	₹67.86 Same Brokerage ₹40

On 50 shares bought for delivery at ₹500 and sold at ₹520, total charges come to ₹127.46 at Upstox and ₹72 at Zerodha, according to TradingLookup's India Brokerage Charges data (October 2026).

Our notes on the pages we read

Upstox: Upstox Plus plan: up to ₹30/order; Plus GST; female total also ₹20.0 + GST.
Zerodha: F&O table: first column (Futures) is 0.03% or Rs. 20 whichever is lower; Female first holders get ₹0.25 off the CDSL fee.

What this page leaves out

One plan each: the standard retail plan for resident individuals, after any first-30-days offer.
Account opening and maintenance (AMC) fees, MTF interest, pledge, auto square-off and call-and-trade fees: not in our data yet for either broker.
Apps, research, order types and service: this page compares charges only.
Rates change. Check the dates above and each broker's own page before you trade.

Data, not advice. Both brokers serve Indian residents; this page is not an offer or a recommendation, this comparison has no paid links, and we earn nothing from it. Found an error? Tell us.

One broker at a time: Upstox brokerage calculator · Zerodha brokerage calculator.

More Upstox comparisons: Upstox vs Angel One · Upstox vs Groww.

More Zerodha comparisons: Zerodha vs Angel One · Dhan vs Zerodha · FYERS vs Zerodha · Groww vs Zerodha.